Independence Gold Corp Stock Market Value

IGO Stock  CAD 0.17  0.02  10.53%   
Independence Gold's market value is the price at which a share of Independence Gold trades on a public exchange. It measures the collective expectations of Independence Gold Corp investors about its performance. Independence Gold is selling for under 0.17 as of the 1st of March 2025; that is 10.53% down since the beginning of the trading day. The stock's lowest day price was 0.17.
With this module, you can estimate the performance of a buy and hold strategy of Independence Gold Corp and determine expected loss or profit from investing in Independence Gold over a given investment horizon. Check out Independence Gold Correlation, Independence Gold Volatility and Independence Gold Alpha and Beta module to complement your research on Independence Gold.
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Independence Gold Corp Price To Book Ratio

Please note, there is a significant difference between Independence Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Independence Gold 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Independence Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Independence Gold.
0.00
12/01/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/01/2025
0.00
If you would invest  0.00  in Independence Gold on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Independence Gold Corp or generate 0.0% return on investment in Independence Gold over 90 days. Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North Am... More

Independence Gold Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Independence Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Independence Gold Corp upside and downside potential and time the market with a certain degree of confidence.

Independence Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Independence Gold's standard deviation. In reality, there are many statistical measures that can use Independence Gold historical prices to predict the future Independence Gold's volatility.
Hype
Prediction
LowEstimatedHigh
0.010.174.48
Details
Intrinsic
Valuation
LowRealHigh
0.010.164.47
Details
Naive
Forecast
LowNextHigh
00.174.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.170.200.24
Details

Independence Gold Corp Backtested Returns

Independence Gold Corp holds Efficiency (Sharpe) Ratio of -0.0766, which attests that the entity had a -0.0766 % return per unit of risk over the last 3 months. Independence Gold Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Independence Gold's Risk Adjusted Performance of (0.05), market risk adjusted performance of (0.31), and Standard Deviation of 4.14 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. Independence Gold returns are very sensitive to returns on the market. As the market goes up or down, Independence Gold is expected to follow. At this point, Independence Gold Corp has a negative expected return of -0.33%. Please make sure to check out Independence Gold's jensen alpha and the relationship between the potential upside and price action indicator , to decide if Independence Gold Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.19  

Very weak predictability

Independence Gold Corp has very weak predictability. Overlapping area represents the amount of predictability between Independence Gold time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Independence Gold Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Independence Gold price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.0

Independence Gold Corp lagged returns against current returns

Autocorrelation, which is Independence Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Independence Gold's stock expected returns. We can calculate the autocorrelation of Independence Gold returns to help us make a trade decision. For example, suppose you find that Independence Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Independence Gold regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Independence Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Independence Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Independence Gold stock over time.
   Current vs Lagged Prices   
       Timeline  

Independence Gold Lagged Returns

When evaluating Independence Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Independence Gold stock have on its future price. Independence Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Independence Gold autocorrelation shows the relationship between Independence Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Independence Gold Corp.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Additional Tools for Independence Stock Analysis

When running Independence Gold's price analysis, check to measure Independence Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.